5 things to know about Trump’s 2027 defense budget proposal
Quick Insights
The Bottom Line
Trump's 2027 defense budget requests $1.5 trillion for the Pentagon, a $441 billion increase from the previous year.
How This Affects You
Higher defense spending may contribute to federal deficits, potentially affecting future taxes, interest rates, or funding for other programs that directly benefit Americans.
AI Summary
President Trump released his 2027 defense budget request Friday, seeking $1.5 trillion for the Pentagon—a $441 billion increase from the $1 trillion defense budget Congress approved last year. The request allocates $1.1 trillion for base discretionary spending and $350 billion for additional defense categories. The dramatic increase reflects the administration's emphasis on military modernization and readiness amid heightened geopolitical tensions. Congress must approve the proposal, and the substantial boost will likely face scrutiny over fiscal priorities and deficit concerns. The budget underscores the Trump administration's shift toward elevated defense spending as a centerpiece of its national security strategy.
What's Being Done
Congress must approve the defense budget proposal.
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Trump Live Updates: White House Seeks $1.5 Trillion for Military Spending - The New York Times

US defense spending would rise $445bn under Trump budget plan, with steep cuts elsewhere
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U.S. fighter jet shot down in Iran, search underway for crew
<p><a href="https://www.axios.com/world/iran" target="_blank">Iran</a> has shot down a U.S. fighter jet, per Iranian media and a source familiar with the incident, and a search and rescue effort is underway to locate two crew.</p><p><strong>The big picture:</strong> It would be the first time since the beginning of the war that a U.S. jet was downed by enemy fire.</p><hr><ul><li>The U.S. military and the White House didn't immediately respond to requests for comment.</li></ul><p><strong>Driving the news:</strong> On Friday, Iranian state media published pictures and videos that allegedly show parts of the downed plane and one of the ejection seats.</p><ul><li>The photos and videos suggest it is an F-15 fighter jet.</li></ul><p><em>This is breaking news.</em></p>
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